featured book

Featured Author

Juan Gabriel Vasquezbooks include the 2014 International IMPAC Dublin award winner and national bestseller, The Sound of Things Falling, as well as the award-winning The Informers and The Secret History of Costaguana.

The Exchange Artist

A Tale of High-Flying Speculation and America’s First Banking Collapse

Format

Price

Additional Formats

Overview

The riveting story of the country’s first banking scandal in the first decades of the American republic

This enthralling historical narrative of the birth of speculative capitalism in America opens in the 1790s when financial pioneer-turned-confidence-man Andrew Dexter, Jr. created a pyramid scheme founded on real estate speculation and the greed of banks, who freely printed the paper money he needed to finance the then tallest building in the United States-the Exchange Coffee House, a 153-room, seven-story colossus in downtown Boston. The story of Dexter’s rise and eventual collapse offered an object lesson to the rising young nation, and presents striking parallels to the subprime mortgage meltdown and looming economic collapse of today.

The Exchange Artist

Awards

George Washington Book Prize – finalist

Praise

“There is a very evident enthusiasm of discovery in Kamensky’s The Exchange Artist that animates her narrative of a high-flying developer and the banks and investors dragged down by his overreaching need for money to build his towering dream.” -The Boston Globe

“This shrewd and eloquent biography of a building, a man, and the speculative culture they reflect is bound to delight as well as disturb.”-Walter A. McDougall, University of Pennsylvania, author of The Heavens and the Earth